Is 23223, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 23223 has remained a Seller's Market.
Housing Prices in 23223, VA
How much do homes in 23223, VA cost?
Median Sold Price
$295,865
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 23223 was $295,865 in April 2024, up 7.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $255K | +183.3% |
2 Bedrooms | $221K | $216K | -2.3% |
3 Bedrooms | $275K | $293.5K | +6.7% |
4 Bedrooms | $320K | $369K | +15.3% |
5+ Bedrooms | $375K | $415K | +10.7% |
Summary: 23223 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.3%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in 23223, VA
How many homes are available in 23223, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
175 | 178 | +1.7% |
Summary: The 23223 real estate market had 178 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 35 | 34 | -2.9% |
3 Bedrooms | 103 | 104 | +1.0% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 23223 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 47 | -7.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 23223 in April 2024, down by 7.8% month-over-month. Of the 47 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% were sold over asking.
Days on Market for 23223, VA
How long does it take to sell a home in 23223, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 18 Days | -37.3% |
Summary: Homes in 23223 had an average of 18 days on market in Apr 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in 23223; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.